Why Traders lose money Part-I

Its a well know fact  the failure rate of traders is extremely high. 97% of Traders fails in trading. Lets look at reason in this 2 part series article why most of traders fails which we can use as an input in improving our skill set and get into top 3%.

Thinking Trading is easy

What is required to do trading, You need a account with broker and few thousand rupees and you are good to go. You can place Buy and Sell order and make millions out of it. This is what most of the new trader think when they see Options doubling tripling in matter of days.
Now think over it
If you wanted to be a Engineer and  make a 6 figure income every year, you have to pass with god number in lot of exams. Beginning with your first four years of university.
But to get admission in a good college you need to do well in 10 and 12 class and have a good academic record. During your years in the school, there are numerous tests that judge your emotional abilities, to handle the job along with your intelligence.
Once you finish your Engineering Degree

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